The pound is weaker against the euro this morning, despite UK inflation figures coming in higher than expected.
The annual inflation rate for the UK edged higher to 5.5% in January, the highest since 1992 and above market predictions. This is thought to have been pushed up mainly by housing and utilities. The month-on-month figure and core inflation, which excludes energy, food, alcohol and tobacco, were also higher than expected.
UK wage growth also grew in January but still lags behind inflation.
There are no more UK economic data releases due today or tomorrow, however, retail sales figures are due on Friday.
